Boeing's Winning Streak Continues: Air India and Air Canada Orders Worth $13 Billion
Boeing's victory over Airbus has become more pronounced with the announcement of two massive orders from Air India and Air Canada. These orders, worth a combined $13 billion, highlight Boeing's success with its 787 Dreamliner aircraft. The orders from Air India and Air Canada bring Boeing's total 787 orders to 244, solidifying the aircraft's position as the most successful launch in commercial aviation history. Boeing's aggressive pricing strategy under the new head of sales, Scott Carson, has also contributed to its success, as airlines increasingly opt for the fuel-efficient 787 over Airbus's A350.
Key Takeaways:
- Boeing has secured two massive orders worth $13 billion from Air India and Air Canada, further solidifying its lead over Airbus.
- The 787 Dreamliner has secured 244 orders, making it the most successful aircraft launch in commercial aviation history.
- Boeing's aggressive pricing strategy under Scott Carson has contributed to its success, with the 787 being seen as a more efficient option by airlines.
- Air India has ordered 8 777-200LR, 15 777-300ER, and 27 787 aircraft, while Air Canada has ordered 14 787s as part of its 32-aircraft deal.
- Boeing's 787 is a new plane with new technology, while Airbus's A350 is a derivative of the older A330.
- Several senior Airbus executives have expressed concerns about the A350's prospects, citing a lack of big orders from established airlines.
Statistics:
- Total value of Air India and Air Canada orders: $13 billion.
- Total 787 orders: 244.
- Number of 787 orders from Air India: 27.
- Number of 787 orders from Air Canada: 14.
- Total aircraft ordered by Air India: 50 (8+15+27).
- Total aircraft ordered by Air Canada: 32.
- Airbus A350's current order tally: 11 (10 + 1).
- Number of years until Airbus A350's planned service entry: 2.
Sources:
- [Morgan Stanley analyst Heidi Wood]
- [The New York Times]
- [Airbus press release]
- [Boeing press release]